Post Utme Skyline University 2024 Economics Question 12

Practice objective / multiple choice question 12 from the 2024 Post Utme Skyline University Economics examination.

Post Utme Skyline University 2024 Economics Objective / Multiple Choice
Question 12 POST_UTME_SKYLINE_UNIVERSITY • 2024 • ECONOMICS • objective

A government imposes a tax on a firm's output. The firm's supply curve shifts from S1 to S2. What is the effect on the equilibrium price?

Answer Options

A. Increase
Correct Answer B. Decrease
C. No Change
D. Indeterminate
Correct Answer
B
Correct Option:
Decrease

About This Question

This is Post Utme Skyline University 2024 Economics Question 12. It is one of the objective questions from the 2024 Post Utme Skyline University Economics examination.

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